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The purchasing department manager for Finch Company prepared the following supplies purchases budget. Finchs policy is to maintain an ending supplies balance equal to 10

The purchasing department manager for Finch Company prepared the following supplies purchases budget. Finchs policy is to maintain an ending supplies balance equal to 10 percent of the following months supplies expense. Aprils budgeted supplies expense is $85,000. Required Complete the supplies purchases budget by filling in the missing amounts. Determine the amount of supplies expense the company will report on its first quarter pro forma income statement. Determine the amount of ending supplies the company will report on its pro forma balance sheet at the end of the first quarter.

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